American company Netflix plans to invest $2.5 billion in South Korea to create television series

Global Look Press |  Jack Kurtz/
Global Look Press | Jack Kurtz/

Representatives of the American entertainment company Netflix said they are investing $ 2.5 billion in South Korea to create series and shows. About it informs Korean agency Yonhap.

Netflix announced its intentions after the meeting of the President of the Republic of Korea Yoon Seok Yelem with one of the Netflix executives Ted Sarandos in Washington.

“We were able to make this decision because of our great trust in the Korean content industry and we will continue to make great stories… I have no doubt that our investment will strengthen our long-term partnership with Korea and Korea’s creative ecosystem,” said at the meeting. Sarandos.

The agency said that the head of South Korea approved the investment and expressed the hope that it will be a “big opportunity” for the South Korean content business, content creators and for Netflix.

Earlier it was reported that the South Korean authorities are exploring opportunities to restore air links with Russia.


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